FTX


Videos

Hacken CEO: $600M FTX Hack Likely an Insider

Bankrupt cryptocurrency exchange FTX was hacked on Friday night, FTX officials confirmed. Hacken CEO Dyma Budorin breaks down how he thinks $600 million was drained and where it likely went.

Recent Videos

Videos

FTX Saga Worsens

More questions are raised over safety of assets following FTX's collapse. That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."

Recent Videos

Policy

Paxos Ordered by US Officials to Freeze $19M in Crypto Tied to FTX

Federal law enforcement asked the crypto issuer to freeze assets associated with four ether addresses as investigations into FTX collapse intensify.

Paxos CEO Charles Cascarilla (CoinDesk)

Markets

First Mover Americas: FTX Faces Criminal Probe

The latest price moves in crypto markets in context for Nov. 14, 2022.

Former FTX CEO Sam Bankman-Fried (Jesse Hamilton/CoinDesk)

Opinion

Let’s Actually Commit to Proofs of Reserve This Time, OK?

Requiring exchanges to show they have assets to match their liabilities would improve transparency and help to win back public trust in crypto, says Nic Carter.

The collapse of crypto exchange FTX under Sam Bankman-Fried raises the issue of proofs of reserve. (CoinDesk)

Policy

FTX Collapse Exposed 'Weaknesses' in Crypto, Janet Yellen Says: Report

The U.S. Treasury Secretary said the crypto sector is in need of "very careful regulation" while some lawmakers are already preparing to propose tougher rules.

Treasury Secretary Janet Yellen at American University in April 2022 (Jesse Hamilton for CoinDesk)

Markets

Citi: Correlation Between Equity Markets, Bitcoin Weakens Following FTX Collapse

Decentralized exchanges have gained market share as confidence in their centralized equivalents have declined, the report said.

Knock-on effects from the collapse of FTX are fairly well siloed within crypto. (Shutterstock)

Finance

Hong Kong Crypto Platform Hbit's $18.1M Stuck in FTX

In an announcement to shareholders on Monday, New Huo Technology Holdings Limited, said regarding its subsidiary, that $13.2 million of the money belonged to clients, while, $4.9 million were Hbit assets.

Hong Kong, China Cityscape (Unsplash)

Policy

There Was No Cause to Add FTX to Investor Alert List Before Collapse, Singapore's MAS Says

The Monetary Authority of Singapore told CoinDesk it was not possible to prevent Singapore users from directly accessing overseas service providers, and warned regulations don’t protect against risky speculative trades.

Former FTX CEO Sam-Bankman-Fried (Danny Nelson/CoinDesk)

Finance

Crypto.com CEO Dismisses Speculation of Financial Trouble, Says FTX Exposure Is Minimal

In a live question session, Kris Marszalek said the company’s balance sheet is strong.

Crypto.com CEO Kris Marszalek during his YouTube interview (Crypto.com)